celadon
Business

Celadon Vows ‘Back to Basics’ as Stock Nears Delisting

Celadon Joel Wittman

The leaders of beleaguered carrier Celadon Group said they were focused on “getting back to basics” after a year of turmoil and an inevitable delisting of its stock by the New York Stock Exchange.

Burney Simpson | Staff Reporter
April 3, 2018
Business

Celadon’s Dave Chesterman Named Transport Topics Recruiter of the Year

Dave Chesterman and Sue Hensley Chesterman (left) and Hensley by John Sommers II for Transport Topics

NASHVILLE, Tenn. — Dave Chesterman, vice president of recruiting for Celadon Group Inc., was named Transport Topics’ Recruiting Professional of the Year at the 2018 Recruitment & Retention Conference Feb. 23.

Eleanor Lamb | Staff Reporter
February 23, 2018
Business, Equipment, Logistics

Celadon Sells Assets of Flatbed Division to PS Logistics

John Sommers II for TT

Celadon Group is getting out of the flatbed business, striking a deal to sell all of the assets of its flatbed division to PS Logistics in Birmingham, Ala., company officials announced Sept. 18.

September 18, 2017
Business

Celadon’s New Management Brings In Turnaround Specialists

Celadon Group Inc. is undergoing managerial changes as it faces the results of a third audit to see whether it overvalued hundreds of used trucks.

Laurie Wiegler | Staff Reporter
July 18, 2017
Business

Celadon Chairman, CEO Paul Will Steps Down

Paul Will Steps Down as Celadon Chairman, CEO Will by John Sommers II for Transport Topics

Paul Will, a 24-year executive with truckload carrier Celadon Group Inc., will be replaced as chairman and CEO on July 24.

Jonathan S. Reiskin | Associate News Editor
July 13, 2017
Business

Most Truckload Carriers Expect to Report Lower Earnings in Second Quarter

Kottke Trucking

The truckload industry continued to struggle in the second quarter and earnings are expected to be down year-over-year for most carriers, based on forecasts from industry analysts and interviews with several fleets.

Ari Ashe | Staff Reporter
July 7, 2017
Business

Celadon to Record Impairment Charge in Review of Company’s Value

John Sommers II for Transport Topics

Celadon will record a goodwill impairment charge up to $62.4 million before taxes as part of a review into the company’s value after questions arose about how it valued used trucks transferred to a joint venture last year.

Ari Ashe | Staff Reporter
July 3, 2017
Business

Former Celadon President May Purchase Company’s Subsidiary

Although Celadon Group Inc. President Eric Meek resigned April 28, he’ll remain tied to the truckload carrier for a while longer, according to a filing with the Securities and Exchange Commission.

Transport Topics
May 19, 2017
Business

Celadon to Get Outside Audit to Review Used Truck Valuations

John Sommers II for Transport Topics

Financial auditors at accounting firm BKD have withdrawn their support of Celadon Group Inc.’s financial statements for the past three fiscal quarters due to a disagreement on the value of used trucks, according to the truckload carrier.

Ari Ashe | Staff Reporter
May 8, 2017
Business

Celadon's Financial Statements Called Into Question

Alan Petersime/Bloomberg News

Auditors at BKD have withdrawn their support of Celadon Group Inc.’s financial statements for the last three fiscal quarters because the trucking company didn’t produce sufficient documents on the value of used trucks, according to a letter in a filing with the Securities and Exchange Commission.

Ari Ashe | Staff Reporter
May 2, 2017

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